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20131202
20131210
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Search Results 0 to 6 of about 7
CNBC
Dec 5, 2013 5:00pm EST
speak. >> i would not expect for president obama to compare his experience with nelson mandela's. they don't compare it, really is the leading figure on the world stage in terms along with people people. >> of course their paths are very different. john i would imagine that this would be a big, big funeral where many of the world's leaders will come together. >> one former aide to president obama when i asked do you expect the president to attend the funeral, he said yes and so will every other important world leader. this is one that will rivet the world because of the stature of mandela and i expect that you will see something that is very, very rare in our lifetimes, an event of that magnitude. >> let's check in with chris bishop of cnbc africa. we want to know what the scene is like on the ground there. >> it's 20 past 12, pitch dark here and already people are starting to gather. people are crying. some people are carrying south african flags. the news is spreading like wild fire across this country. jacob zuma went on air live to announce it this evening about half an hour
CNBC
Dec 10, 2013 4:00am EST
president of south africa, nelson mandela. president obama, ban ki-moon and president zumba are all scheduled to speak, as well. >>> five years after the financial crisis, u.s. regulators are set to approve the so-called volcker rule. >>> european finance ministers are close to a deal to allow them to wind down failing banks, paving the way of the situation of an eu banking union. >>> the era of government motors draws to a close. the u.s. government selling its remaining stake in gm four years after the automaker's bailout. >>> nokia owes india up to $3.4 billion in taxes. previously the sum was just $340 million. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and a very warm welcome to you. if you've just joined us stateside, you're looking at pictures from johannesburg soccer city in soweto. the 95,000 seat stadium hosting the main memorial ceremony for nelson mandela who died last thursday, age 95. mandela was south africa's first black president passed away paus peacefully after a battle with lung infection. u.s. presid
CNBC
Dec 6, 2013 4:00am EST
president. and in 2011, he was paid a visit in south africa by first lady michelle obama who brought along first daughters malia and sasha. admired around the world and revered at home, nelson mandela's south africa embraced a future and he leaves a legacy of freedom and proof that one life can make a difference. >> we are one country. we are one people. >> let's just take a look at the johannesburg stock market. we saw in the past half an hour, there was a five-minute pause to trade to go mark mandela's passing. it's been one of the stronger performers so far this year, 13 plus percent the size of the gains. the currency, the opposite story that we've seen pressure on the south african rand of late. dollar/rand rates are up, which means the rand has been down 24% so far this year. we've seen further gains extended across the xetra dax. still a couple hundred points as what we had in november. but 0.4% on the ftse. the cac extending its gain now with the ftse. but this is nonfarm payrolls. the market is very much looking to see what the jobs number is going to be out of the state. bu
CNBC
Dec 10, 2013 6:00am EST
mandela memorial. nearly 100,000 mourners are expected to flood the stadium. president obama is among those speaking at the service. we'll bring you updates throughout the morning. >>> meantime, on wall street, a number of speeches in recent days from policymakers before officials go into their blackout period before next week's two-die fomc meeting. that has been what the market has been digesting. yesterday, jim bullard said positive trends in the labor market make cuts to the fed's $85 billion bond buying program more likely. that is huge news because, remember, when bullard came on with us not too long ago, you talked about the how the fed could be doing this for a long period of time and he'd feel comfortable with that because we haven't seen inflation. because investors have spent so much time tapering, investors are interested in bond yield. if you've been watching the ten-year, right now the yield is at 2.827%. also, october wholesale trade and the labor department's latest job openings and latest turnover survey that a lot of economists watch closely. futures at this hour are
CNBC
Dec 10, 2013 9:00am EST
, their staff has been meeting. a lot of members have gone to south africa for the mandela funeral as president obama and president bush did. you have the snow day in washington where because of that relatively modest snowstorm by the standards of many people in the midwest and other parts that get a lot of snow, it nevertheless shut down the federal government. talks are going on. we're in a last-minute posturing phase where republicans are saying you've got to have this amount of deficit reduction in order for us to agree to the deal and democrats are saying, including people like steny hoyer saying you can't take as much out of retirement as you're going to take. i do think it will get done. they had originally planned to announce the deal today and vote on it on thursday. i think that time frame could slip a little bit, at least on the announcement part. we'll see whether they can get it done by the end of the week and go home and tell their constituents they actually did something positive. >> john, keep us posted. thanks very much. >> shares of liululemon trading higher after ch
CNBC
Dec 5, 2013 7:00pm EST
confirming this but all four of them said they expect that president obama will, in fact, attend that ceremony along with other world leaders. we saw president obama come into the briefing room as in the clip that you played tonight where he referred to nelson mandela as an inspiration, an example for him from the earliest phase of his political stirrings as a student at occidental college where he attended an anti-apartheid protest there. of course, nelson mandela is someone who was the first african-american or excuse me, the first african leader, black african leader of south africa which had been governed by a white government, president obama followed in that footstep as the first african-american president of the united states, and he said that he would spend the rest of his life trying to live up to and follow nelson mandela's example. what was so notable about nelson mandela was that he actually achieved in practice the promise that president obama had held out in 2004 at that famous convention speech of bringing south africa together, adopting a policy of reconciliation at a
CNBC
Dec 5, 2013 3:00pm EST
obama's going to be heard on this before too long. and we've lost somebody that deserves emulation everywhere. >> i don't know, i just want to bring people a little bit of background information here about mandela's condition over the last couple of months. he had been three months in the hospital with the recurrent lun september, originally. but those lung problems attributed to the tuberculosis he contracted during 27 years in prison before he led his country to democracy, subject of many biopics lately. what is your view on his history in south africa and overseas? >> i think he has more stature than anyone around the world with the possible exception of the pope. a lot of continue versy around the current president as well as becky who proceeded him in that job who was nelson mandela's successor. i think this is somebody whose reputation was titanic and the entire world will be mourning. >> we are following the news here for us. walk us through the sequence of events since word came out? >> word was starting to trickle out that nelson mandela was failing and took a turn for the
Search Results 0 to 6 of about 7